x
Address
1246 E 2nd Street Long Beach, CA
Price
$ 17,995,000
Property Attributes
  • MLS#OC19028459
  • TypeIncome
  • CountyLOS ANGELES
  • CityLong Beach
  • AreaDowntown Area - Alamitos Beach
  • NeighborhoodAlamitos Beach
  • Zip90802
  • Style
  • Price$ 17,995,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage39258
  • Lot Size0.78 Acres
Listing Provided Courtesy Of:
Tyler Leeson with Marcus & Millichap RE Invest.
Property Description

The 2nd Street Multifamily Portfolio is a 54-unit multifamily investment portfolio across three separately parceled properties in Long Beach, one of the premier housing markets in Southern California. Specifically, the properties are located in the Alamitos Beach neighborhood, just steps from the ocean, a short walk to Downtown, and minutes to Belmont Shores. Fully renovated in 2017, the portfolio offers investors three exceptionally well-appointed buildings with a clear opportunity to increase rental income by almost 6 percent. Given the demand for modern and unique housing options, the 2nd Street Portfolio provides a distinct competitive advantage over other units in the area with higher asking rents. The 39,258 square foot portfolio consists of studio, one-, two-, and three-bedroom floor plans. Originally built in 1954 & 1956, 2nd Street Portfolio offers amenities including communal courtyard, custom barbecue, individual garage parking, on-site laundry facilities, controlled access, ceiling fans, hardwood floors, storage lockers, and more.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
2/6/2019 Listed $18,300,000
3/20/2019 2% - $17,995,000

General Features

Attached Structure Detached
Community Features Sidewalks
Directions Cross Streets: Alamitos Ave / E Ocean Blvd
Levels Two
Listing Agent Tyler Leeson - BRE#01451551
Listing Agent State License 01451551
MLS Area 4 - Downtown Area, Alamitos Beach
Number of Units Leased 54
Price Per Square Foot 458.38
Special Listing Conditions Standard
Subdivision Name Alamitos Beach (AB)
Subdivision Name Alamitos Beach (AB)
Total Units 54
Zoning LBR4R

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls No Common Walls
Laundry Features Community
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 39258.00
Garage Spaces 24.00
Lot Features Landscaped
Lot Size Acres 0.7760
Lot Size Area 0.7760
Lot Size Source Assessor
Lot Size Square Feet 33802.56
Lot Size Units Acres
Number of Buildings 3
Pool Features None
Sewer Public Sewer
Total Parking 24.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90802

Price
AVG $3.26M
$18M
Visits
AVG 60
288
Year Built
AVG 1934
1954
Walkscore
AVG 86
78
Data Provided by Walkscore ® not using MLS data

Looking for more comfortable experience?

Check out our mobile application and browse the properties as no other.

Areas We Cover